debt
confidence high
sentiment neutral
materiality 0.50
Constellation Brands refinances $2.25B revolver, extends maturity to 2030
CONSTELLATION BRANDS, INC.
- Refinanced existing $2.25B senior unsecured revolving credit facility under Eleventh Restated Credit Agreement.
- Maturity extended to April 28, 2030 (from previous 2027).
- General liens basket increased from 7.5% to 10% of consolidated tangible assets.
- Constellation Brands guarantees obligations of subsidiary CB International Finance S.à r.l.